The S&P/TSX Venture Composite Index edged up 11.95 points or 2.1% over the Oct. 17-21 trading session to end at 593.04. Sigma Lithium was the week's top gainer by value, rising $7.58 to $48.42 per share. While the emerging lithium miner did not release any recent news, it is benefiting from lithium prices that continue to rally on tight supplies. Sigma is nearing the end of construction of the fi...Read More
Markets were higher over the week as investors searched for a bottom to recent falls, anticipating that central banks won't continue interest rate hikes for too much longer now that inflation is beginning to tick lower, in the United States and Canada at least. Gold retreated slightly.The S&P/TSX Composite Index gained 534.6 points or 2.9% to 18,860.95. The S&P/TSX Global Mining Index increased 4....Read More
Pure Gold Mining (TSXV: PGM; LSE: PUR) is placing its flagship PureGold mine in Red Lake, Ont., on care and maintenance, as the mine has yet to achieve the consistent cash flow needed to alleviate the company's financial problems.Currently, Pure Gold has a cash balance of around $2 million and a net working capital deficit of about $13 million, excluding amounts owing under the company's debt obli...Read More
Barrick Gold's (TSX: ABX; NYSE: GOLD) president and chief executive Mark Bristow announced on Saturday that the company plans to expand its East African footprint using the North Mara and Bulyanhulu gold mines in Tanzania as a foundation for this endeavour.Back in September 2019, Barrick inherited what Bristow called these "moribund mines" when it re-acquired Acacia Mining. After some rebuilding w...Read More
Looking down into the deep ravine in the centre of New Pacific Metals' (TSX: NUAG) Silver Sand project in central Bolivia, one does not have to be a geologist to spot its potential. Up and down its steep sides, the landscape is pockmarked by adits and tunnels dug by miners almost five hundred years ago.The miners may have left after the discovery in 1545 of Cerro Rico, Bolivia's legendary mountain...Read More
For over four decades, CR Mining has been an industry-leading manufacturer and supplier of mining equipment. From their start as innovators in the dragline bucket space, the company has leveraged that expertise to produce a suite of ground engaging tools, or GET, used in a range of machines, including excavators, wheel loaders, and rope shovels.Now, CR Digital, the company's technology arm, is on...Read More
AI has been a hot topic these last few months ever since Elon Musk revealed his Tesla Optimus bot that he says will usher in a "fundamental transformation of civilization as we know it."Musk believes that at the foundation of every economy is labor, so if AI is able to replace or help bolster the labor market, it could create a boon for the economy like we've never seen before.In a press conferenc...Read More
Oct 24, 2022 On October 24th, join us for Steppe Gold's second episode of their monthly series! Each month, you'll hear from a ...Read More
Louis-Pierre Gignac, President and CEO of G Mining Ventures Corp. (TSXV:GMIN) (OTCQX:GMINF), discusses GMIN's recent ...Read More
1. Mineralization at TZ is highly continuous, with a higher-grade core 2. Mineralization has been encountered below the current pit ...Read More
Marimaca is an exciting TSX-listed copper company. The Company's flagship asset is the Marimaca Copper Project in Chile's ...Read More
It's a strategy that has massive economic consequences. Budget deficits have soared as local governments have tried to cover the ...Read More
Xander Resources Inc. (Read full newsRead More
Chalice Mining, the relatively small Australian company which discovered the Julimar orebody, a world-class nickel deposit which is also rich in copper and platinum group metals, is locatedRead More
We spoke with Marc Roy, who is CEO of Focus Graphite Inc. (TSX.V: FMS; OTCQX: FCSMF; FRANKFURT: FKC), a technology-oriented exploration and development company that seeks to produce flake graphite concentrate at its wholly owned Lac Knife and Lac T?(C)t?(C)pisca flake graphite projects, located in the C??te-Nord administrative region of Qu?(C)bec. As part of its mission to build long-term, sustain...Read More
There's an enormous game of chicken being played out right before our eyes. With the midterms just a few weeks away, the planned release of 180 million barrels of oil from our Strategic Petroleum Reserve will be at an end. For the last seven months, the SPR has been unleashing a flood of oil to help satiate a thirsty crude market. But just how much oil is the world thirsty for?Back in December...Read More
With uranium prices continuing their slow climb over the last four years while the geopolitical situation highlights the need for secure energy supplies, all eyes are on Canada's next big uranium projects.Three top contenders are currently developing promising projects in the prolific Athabasca Basin of northern Saskatchewan. Denison Mines: Saskatchewan's first ISR mine?On the southeastern edge o...Read More
Paladin Energy (ASX: PDN) has added another four provisional offtake agreements to its order book as it prepares to restart the Langer Heinrich uranium mine in Namibia by the first quarter of 2023, the Western Australia-based company announced on Friday.According to Paladin, the four tender awards entail supplying uranium to industry-leading counterparties in the U.S. and Europe.The company says i...Read More
Orosur Mining (TSXV: OMI; AIM: OMI) says diamond drilling at its flagship Anz?? gold project in Colombia returned "substantial" assays from the Pepas prospect. Drill hole PEP007 intersected 80.6 metres of 3.05 grams gold per tonne from surface, including 41.7 metres at 5.24 grams gold and 2.91 grams silver per tonne, the Toronto-based company said in a release on Friday. Drill hole PEP005 cut 36.8...Read More
At the most recent Mining Legends Speaker Series event at the Fairmont Pacific Rim in Vancouver, industry veteran Bob Quartermain, recently inducted into the Canadian Mining Hall of Fame, walked the audience through the milestones of a life's work well worthy of the honour. Organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals, the Mining Legends Speaker...Read More